SBI sells 5 pct NSE stake to Veracity Investments

July 2, 2016, 5:01 PM IST

New Delhi : The State Bank of India (SBI) on Saturday announced selling of five percent stake in bourse NSE to Mauritius-based Veracity Investments for Rs. 911 crore, valuing the exchange at over Rs 18,200 crore.

In a regulatory filing, the largest public sector bank sold 22.50 lakh equity shares of National Stock Exchange (NSE), priced at Rs. 4,050 per unit to Veracity Investments totaling Rs. 911.25 crore.

The transaction comes at a time when NSE is discussing a possible public offer and listing.